Key payroll issues facing Agencies and Ship Shape's solutions...
Innovative payroll solutions for all types of workers
Legislation determining payroll options for contingent workforces changed dramatically in the years 2014 to 2016, principally in the Onshore Intermediaries Legislation (2014) and the revisions to the Income Tax (Earnings and Pensions) Act 2003 delivered in the Finance Bill 2016. Ship Shape has invested heavily in legal counsel and operating systems necessary to provide clients with flexible, cost effective and compliant options. We will analyse your direct workforce and contractor base to ensure you are using all options available to minimise labour costs and compliance risk.
Our most popular payroll services: (keep worker type images but put copy alongside instead of in pop-ups – or alternative, better design treatment)
We provide an updated umbrella with no Travel & Subsistence expenses at a market leading, low margin, from just £7.40 per week. This is ideal for agencies wishing to soften the blow from the loss of Travel & Subsistence tax relief for workers. We meet National Minimum Wage with an agency worker pay rate as low as £8.52 and unique worker benefits include a free mobile phone service.
Self-employment under CIS:
Bringing together extensive legal counsel, third party indemnity insurance (covering agencies) and operating systems capable of maintaining the required record keeping allows us to contract with the majority of self-employed workings operating under the Construction Industry Scheme (CIS) as self-employed and take responsibilities for these declarations. This provides extensive cost benefits to agencies and end-hirers in this industry and allows workers to operate with the traditional freedom and flexibility they prefer.
The most tax efficient contract status for skilled, higher earnings on longer term contracts. Contractors are provided with a professional consultation and incorporation by Ship Shape Accounting (ICAEW). The full service costs just £79 + VAT per month including any set-up costs. A range of options such as Flat Rate VAT and IR35 indemnity insurance are available.
Direct Employment (PAYE):
Should you decide to employ your workers directly, Ship Shape can also operate a payroll and banking bureau for these workers. Our service maintains the comprehensive reporting that HMRC will require - and can demonstrate technology and compliance leadership to your clients. The cost for this service is a maximum of £2.99 per timesheet with scale discounts reducing that still further.
View or print our detailed service menu and examples margins/fees here.
You can rely on Ship Shape
- Established in 2004 we have successfully provided payroll services for over 70,000 workers and reached an annual turnover of £80m in 2015
- We enjoy an enviable credit score of 90% and £840,000 recommended credit limit (Experian 2016)
- Our payroll operations and legal/tax compliance have been verified by industry experts Saffrey Champness and we have passed HMRC inspections in 2009, 2012 and 2016
- We are an approved supplier to TEAM (the UK's largest network of independent recruiters) and associate member of FCSA
- Ship Shape Accounting is a certified member of the Institute of Chartered Accountants in England & Wales (ICAEW) and IPSE